Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

At the moment, half of America believes Social Security benefits are tax-free. That’s according to a July 2024 Nationwide Retirement survey, which you can see here. While it would be nice if that wasn’t taxed,

Social Security may become insolvent as early as 2035. President-elect Donald Trump previously vowed tax cuts for seniors. But is this the best solution?

Social Security pays a monthly benefit to millions of retired seniors. And without that income, many would no likely be unable to cover their expenses in full. But while it's OK to include your anticipated Social Security benefits in the course of your retirement planning,

All beneficiaries enjoy the same percentage-based payment increases of their current check. While the intent of COLAs is to maintain retirees' buying power, they might actually fall short. These yearly increases may not be big enough,